Saputo (TSE:SAP) Price Target Lowered to C$32.00 at CIBC

Saputo (TSE:SAP) had its price objective lowered by stock analysts at CIBC from C$35.00 to C$32.00 in a research report issued on Thursday,BayStreet.CA reports. CIBC’s price objective would suggest a potential upside of 31.15% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Desjardins set a C$34.00 price target on Saputo in a research report on Monday, November 11th. BMO Capital Markets dropped their price target on shares of Saputo from C$30.00 to C$27.00 and set a “market perform” rating on the stock in a research note on Friday, January 10th. Royal Bank of Canada cut their price target on shares of Saputo from C$39.00 to C$38.00 and set an “outperform” rating for the company in a report on Tuesday, October 29th. TD Securities decreased their price objective on shares of Saputo from C$38.00 to C$37.00 in a report on Monday, November 11th. Finally, Jefferies Financial Group cut their target price on shares of Saputo from C$36.00 to C$32.00 and set a “buy” rating for the company in a research note on Monday, December 23rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$32.56.

Saputo Stock Performance

Shares of TSE:SAP traded up C$0.45 during trading on Thursday, hitting C$24.40. 192,027 shares of the stock traded hands, compared to its average volume of 757,184. The company has a quick ratio of 0.67, a current ratio of 1.59 and a debt-to-equity ratio of 53.17. The company has a fifty day moving average price of C$25.05 and a two-hundred day moving average price of C$27.83. Saputo has a 52-week low of C$22.59 and a 52-week high of C$32.15. The company has a market cap of C$10.35 billion, a price-to-earnings ratio of 38.73, a P/E/G ratio of 0.56 and a beta of 0.32.

Saputo (TSE:SAP) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.37 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.39 by C($0.02). Saputo had a net margin of 1.50% and a return on equity of 3.72%. During the same quarter in the previous year, the firm posted $0.43 earnings per share. As a group, equities analysts predict that Saputo will post 1.7735369 EPS for the current year.

Insider Buying and Selling

In related news, Senior Officer Leanne Cutts purchased 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of C$26.25 per share, with a total value of C$105,000.00. 40.45% of the stock is currently owned by company insiders.

About Saputo

Saputo Inc produces, markets, and distributes dairy products in Canada, the United States, Argentina, Australia, and the United Kingdom. The company offers cheeses, including mozzarella and cheddar; specialty cheeses, such as ricotta, provolone, blue, parmesan, goat cheese, feta, romano, and havarti; fine cheeses comprising brie and camembert; and other cheeses that include brick, colby, farmer, munster, monterey jack, fresh curd, and processed cheeses.